Category: Money Tips Date: 2007-05-17
One entering the futures traders are trading on their own intuition, but intuition also is often an illusion, is the lower form of intuition, they can not rely upon intuition profit; an experienced long-term failure of the transaction were able to through the use of mechanical trading systems to regulate their own transactions, thus transformed into a system trader, this is progress, performance is a failure of the trader an important step to success; Admittedly, intuition (inspiration) is the existence of , it is the advanced form of the transaction belongs to arts, master in the eyes of futures trading is always the perfect combination of technology and intuition, but also the crystallization of science and art.
I remember entering the period of the city, I often, and sitting next to a peer discussion of market, but almost every time our views were inconsistent with his bearish call, I asked, I am bullish side, he put. At first, I do not understand, the same for technical traders, why the views of Quotes is there so much difference? Only later did I understand that I am a trend trader, concerned about the price changes for some time, and he was a short-term traders are concerned about the day or tomorrow, the price changes. But also because I am a trend trader, operating practices must be chase sell into type, he is a short-term traders, operating practices must be bargain-hunting high throw type, the opposite approach in our operations, so the views are certainly Quotes相反. Later, I will not discuss with him the market, but rather looked for a deal similar to the type and style with our own traders to discuss market, so that our point of view it was in consensus with most of the time.
No one simply relying on technology transactions, everyone according to their own belief system trading, each trader is an independent trading system. Just a different traders, its trading system has both good and bad: a good trading system is a proven profitable in the long term stability of the system, it is a complete, coherent and consistent; poor trading system is not complete , the discontinuous, contradictory, and therefore can not be a steady profit. One trader last year, after listening to the recommendations of an expert short soybeans, soybean was a continuous rise sharply, experts who had no trace of the traders know what to do, because the expert is very famous, so he has held Air One, Air One has been strong the last level, suffered heavy losses. Let us regardless of the level of the expert on the traders themselves, he has just accepted the advice of experts, without access to the expert's trading system, so after a problem Jiancang not know how to do, This the root causes of his failure.
Competent traders should set up their own complete, coherent, appropriate in their own trading systems. Different traders have their own different trading systems, some people like to use K-line, some people like to use patterns, and some people like to use the wave theory, and so on. Take the K-line is, some people like to use on-line, some people like to use 60-minute chart, some people like to use 30 minutes or even 5-minute chart diagram to trade. Another example, someone tells you can buy a commodity, and does not mean that there will be little gain in commodity prices, you have to figure out what he said was bought under the trading system signals, 5 minutes? 10 minutes? 30 minutes? Or on-line? The former represents the level of smaller Quotes, which represents the large level of market, and are expected to risk and return is not the same.
Trading system should be coherent and consistent, that means the trading system itself, not only to the coherence and consistency, also refers to the main trading - traders, we should always stick to their trading systems. If you are in the daily chart of the signal entering the market should be based on the daily chart of the signal appeared; if you figure 30 minutes to signal opening the granary, it should be based on the signal for 30 minutes Map open positions; but the majority of traders in accordance with After a stock market trading signals, often by their own emotions and subjective desire plagued by early or too late to open positions, but not insist on its own trading system, of course, also trading performance is not satisfactory.
I put traders into an intuitive trader and system traders, the former refers to the transaction on their own belief system, whereas the latter refers to people who have a mechanical trading system, but the mechanical trading system must be proved through statistical or a, and can be profitable long-term stable system. A city of traders entering the period is generally an intuitive trader, who rely on their own experience of the market transactions, because of his understanding of the market and practical experience is limited, they are such intuition is often an illusion. For example, in the rising trend, a novice to see a certain product will be impatient to want to go straight rose short, even quilt the Opening, which in their daily lives the concept of buy low and sell high-related; also Some traders saw the former K-line appears in some bullish patterns, then commodity prices did rise, and it appears that this pattern will be bullish. In fact, his view is generated by the previous system, a knowledge-dependent. But history can not simply repeat, "this time" is not equivalent to "the last time", past experience can not be judged based on the present.
For the novice entering the period of the city, the greatest misfortune was his intuition often led to his error. In last year's bull market in copper, a trader looking in the right direction Quemo make money, why? It turned out he had been held over a single copper, but the copper one up, he always considered the price rose too fast, too fast to be adjusted, so the first level of the warehouse would like to buy such prices down, I did not realize the copper one no back up has risen to 30000 points, anger this man crying in the corner, regret can not cope.
Transactions, the biggest enemy is not a market but the traders themselves, we have every experience of failure Note: not the market is too clever, but that we too try to be smart, too self-righteous, we are always in the transaction by their own subjective feelings, desires, the beat. In order to avoid We were troubled by the subjective feelings, we can use mechanical trading systems to regulate our trading activities, but even with the trading system, but whether the transaction succeeds or determined by the man himself, is that traders can always stick to their trading system. A successful trading system to the operation of different people, but it will produce very different results, this is because the factors themselves play a decisive role in the transaction. It should also be noted that a junior trader in the use of their own intuition for a period after the transaction is not ideal, they know their own transactions require some form of norms and the will into a system trader, this is a huge change, is a failed trader into a successful trader an important step.
Pairs of traders, we all technical analysis, fund management, risk-adjusted returns than the determination of such parameters are the completion of our brain's left hemisphere, and all intuition, inspired by the brain's right hemisphere. If futures trading is an art, then the production of artistic inspiration can come from the right-brain, right brain with infinite potential. According to the latest research shows that a place of inspiration to start called the "cingulate gyrus" (ACC), ACC in the brain is known as a "cognitive" and "emotional" interaction interface, the area of the upper and lower with others cognitive activity and emotional activities closely related to the intuition (inspiration) is generated logical thinking and emotional thinking, the results of violent conflicts. Intuition (inspiration) belongs to arts, intuition is also an art of trading, the transaction did not dare to buy when the master of everyone, buying, selling, when in the public looking on, ranging from technical analysis, trading systems level, is unjustifiable - This is the intuition, which is inspiration, not tell also Road is unknown, can only be interpreted as a deep understanding and appreciation of the market is the advanced form of the transaction.
